Question: ork (REQ) 6 Chapter 9 Help Se 8 Hitzu Co. sold a copier costing $4,800 with a two-year parts warranty to a customer on August

 ork (REQ) 6 Chapter 9 Help Se 8 Hitzu Co. sold

ork (REQ) 6 Chapter 9 Help Se 8 Hitzu Co. sold a copier costing $4,800 with a two-year parts warranty to a customer on August 16, 2017, for $6,000 cash. Hitzu uses the perpetual repairs cost $209 for materials taken from the repair parts inventory. These are the only repairs required in 2018 for this copler. Based on experience, Hitzu expects to incur warranty costs the end of each year tory system. On November 22, 2018, the copier requires on-site repairs that are completed the same day. The equal to 4% of dollar sales. It records warranty expense with an adjusting entry at 1. How much warranty expense does the company report in 2017 for this copier? 2. How much is the estimated warranty liability for this copier as of December 31. 2017? 3. How much warranty expense does the company report in 2018 for this copier? 4. How much is the entmeted warremty liability for tms coper en of Decrmert 37, 2016 31. 2018

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